Cokal Seals Lucrative Underground Mining Deal
Company Announcements

Cokal Seals Lucrative Underground Mining Deal

Cokal Limited (AU:CKA) has released an update.

Cokal Limited has struck a profitable deal with PT Cipta Bersama Indonesia (CBI) to initiate an underground coal mining operation at BBM Pit 1, aiming to produce a PCI coal product in 18 months with no capital investment from Cokal. The agreement includes a revenue-sharing model where Cokal will receive 40% of sales, while CBI will cover all development and operating costs. Additionally, CBI has committed to developing coal processing facilities at BBM, further enhancing the project’s potential.

For further insights into AU:CKA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCokal Secures Funding for Expansion and Infrastructure
TipRanks Australian Auto-Generated NewsdeskCokal Limited Prepares for Key Shareholder Decisions
TipRanks Australian Auto-Generated NewsdeskCokal Boosts Coal Transport for Production Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App